ADIB Egypt reports EGP 1.196bn in net profit during 2020
Published 27 Mar,2021 via Daily News Egypt - The Abu Dhabi Islamic Bank (ADIB) Egypt has announced its consolidated financial results for the fiscal year (FY) ending 31 December 2020, reporting EGP 1.196bn in net profit.
The results also revealed positive results despite the many economic challenges caused by the novel coronavirus (COVID-19) pandemic, over the last year.
The bank’s 2020 net profit reflected a 3% decrease of EGP 32m compared to the EGP 1.228bn recorded in 2019. Meanwhile, the net standalone profit reached EGP 1.151bn, compared to EGP 1.103bn in 2019, reflecting a 4% increase of EGP 49m.
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Daily News Egypt